# Nagpur Soybean, Soyoil, Soymeal Open- January 31, 2017

> Soybean and soymeal trading opened thin at the Nagpur APMC auctions, with no takers for soybean oil and soymeal and lower Madhya Pradesh soybean prices weighing on sentiment. Local crushing plants showed weak demand amid high-moisture arrivals.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/73072-nagpur-soybean-soyoil-soymeal-open-january-31-2017
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak Indian crush demand and soft domestic soybean prices point to softer Indian soymeal demand, a modest bearish signal for global soymeal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/nagpur-soya/nagpur-soybean-soyoil-soymeal-open-january-31-2017-idINL4N1FL1MR/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.